Media playback is unsupported on your device

Saudi Arabian stock market to open to foreign investors

23 July 2014 Last updated at 02:29 BST

Saudi Arabia's stock market will open up to foreign investors for the first time, the country has announced.

The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index on Tuesday.

The Saudi market is the biggest in the Middle East and the second biggest in the world, next to China, that is closed to direct foreign investment.

Mark Lobel reports from Dubai.

Most watched

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.